Branstad camp: $4.1M cash on hand

Iowa Gov. Terry Branstad’s reelection campaign announced a record haul Monday, reporting more than $4 million cash on hand.

The more than $4.1 million cash on hand that Branstad and Lt. Gov. Kim Reynolds announced ahead of the Jan. 21 filing deadline includes $3.4 million raised in 2013, the campaign said.

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The total broke a record for Iowa gubernatorial campaigns. The previous highest total for cash on hand at the end of a reporting period was just over $3.2 million for Chet Culver in 2010, according to the campaign.

“We set an ambitious goal of having $4 million cash-on-hand at the end of 2013, and we’re pleased to have exceeded it by over $100,000,” Branstad said in a statement.

The campaign will be reporting no debt and 94 percent of its donations from within Iowa when it files.

While Branstad faces one Democratic challenger for sure and another that is likely to mount a campaign to his 2014 reelection bid, recent polling shows the Iowa governor with a comfortable lead over all his potential challengers.